Surya Roshni Limited — PPTs, 11-11-2025: Investor Presentation

Surya Roshni delivered strong Q2 FY26 financial results.

**Business Performance:** Consolidated revenue surged 21% YoY to 1,845 Cr, with EBITDA jumping 69% YoY to 141 Cr. PAT more than doubled (+117% YoY) to 74 Cr, driven by better realizations, favorable product mix, and improved operating leverage. Lighting & Consumer Durables segment saw healthy revenue, fueled by strong double-digit volume gains in LEDs, water heaters & mixers. Steel Pipes & Strips business robustly grew 24% YoY revenue, driven by strong exports & a higher mix of value-added products.

**Growth Drivers & Strategy:** Focusing on new consumer durable initiatives: launched digital water heaters & in-house manufacturing for exhaust fans. Domestic wires biz targets 150 Cr revenue in FY26. In steel, growth is driven by value-added products like API & 3LPE Coated Pipes, plus increasing exports. Growth also boosted by strategic tech upgrades & PLI-backed backward integration.

**Recent Developments:** Recent launches: new LED bulbs, battens, downlighters & digital water heater. Cricketer Suryakumar Yadav onboarded as brand ambassador for Steel Tubes & Pipes business.

**Key Financial Metrics:** Healthy capacity utilization & strong 875 Cr order book across segments. Steel Pipe EBITDA/ton surged 73% YoY to ₹5,013.

**Management Outlook:** Management sees robust demand from improving Indian economy, government infra push, high steel export demand, & rising LED/consumer durable adoption.